Inventory writeoff?

[sandigi]

LLC is a music band formed in 2012. They bought $1,000 of Tshirts from previous band (same name) and thought they would make it big quick and be able to sell the Tshirts. T-shirts have been carried on the books as inventory for 4 years (2012-2015) at the same $1,000. Most have been given away. There is no inventory for sale as the shirts are old and outdated with old website information and band members have changed.

How do I expense this?

[Roland Slugg]

I would advise the band to take a current inventory of the T-shirts then write-off as "advertising" the cost of those given away.